Statutes, codes, and regulations
Indiana Code
Title 27 - INSURANCEArticle 2 - POWERS AND DUTIES OF INSURERS
Chapter 24 - COVERAGE WITH INNOCENT COINSURED
Section 27-2-24-10 - Payment not required if final settlement less than 60% of available proceeds

Ind. Code § 27-2-24-10

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Current through P.L. 171-2024
Section 27-2-24-10 - Payment not required if final settlement less than 60% of available proceeds

This chapter does not require an insurer that issued a policy of property or casualty insurance to pay a claim to an innocent coinsured if the final settlement for the property loss is less than sixty percent (60%) of available insurance proceeds under the policy.

IC 27-2-24-10

Added by P.L. 148-2017,SEC. 8, eff. 7/1/2017.